In keeping with Financial institution of America’s month-to-month international fund supervisor survey, respondents stated they anticipate international progress to stay unchanged over the following 12 months, with 53% stating they don’t anticipate a US recession within the subsequent 18 months. Solely 8% predicted a recession within the second half of 2024, whereas 30% provided a 2025 recession guess.
On charges, 8% of managers stated they anticipate no Federal Reserve cuts within the subsequent 12 months, whereas 78% anticipate at the very least two cuts to happen within the coming yr, with the earliest forecast for September.
General, solely 5% of respondents anticipated a weaker economic system within the…
